Prabhudas Lilladher is one of the most old broking house and with the most experience and high profile management team. They have the top class members in their research team which makes it one of the most starred distinguished broker.

They even have great connects with a numerous listed business firms making them all the more elite.

Prabhudas Lilladher Franchise Customer Ratings

Prabhudas Lilladher Franchise

Experience

2.80

Services

2.90

Products

3.10

Trading Platforms

2.60

Support

2.50

Revenue Sharing Model

3.20

Security Deposit

3.00

Offers

2.00

Market Share

1.80

Overall

2.66

Compare Sub Broker Franchise

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Type of Prabhudas Lilladher Franchise

Sitting sub-broker

Remiser

Introducer

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Sitting Sub Broker

This is a typical sub-broker or franchise model. Herein, the sub-broker is required to set up his/her own office and trading place and take the relevant infrastructure to set up trading platform.

The sub-broker will be responsible for identifying potential customers, pitching in for them, converting leads into customers and then encouraging them to associate with various product lines.

Upon client acquisition, the sub-broker is required to be in constant touch with the customers so as to understand their trading/investing needs and undertaking trades for them.

Remisier

The remiser is a similar version of sub-broker with certain less functions and roles. The remiser is required to pitch in the potential client and then convert them to customer. Herein the reimser need not have any office set up etc. as all these support and facilities are provided by Prabhudas Lilladher.

Upon conversion of the lead, the trade actions are all carried out by the main broker itself. The remiser also works for the entire product profile of Prabhudas Lilladher and is not restricted to any one product/service.

Introducer

As the name suggests, this model only requires the candidate to pitch in for new clients and introduce them to the firm. Their role ends there. Thereafter, it is upon the firm to convert the lead into actual customers.

Prabhudas Lilladher Sub Broker Commission or Revenue Sharing Model

For a sitting broker, Prabhudas Lilladher offers a revenue sharing ratio of as high as 70:30. The ratio is certainly negotiable and can even increase upto 80% if the sub broker is fetching outstanding business performance.

For a reimser, the ratio is somewhere from 20% to 30% with an average of 25%. Considering the role a remiser plays, this ratio appears to be very much justified.

The next model, i.e. the introducer, gets a ratio of 50% on the account opening. This again is in line with the industry benchmark for this kind of a model.

Prabhudas Lilladher Franchise Cost or Security Deposit Amount

On investment front, Prabhudas Lilladher calls for a decent office set up with sufficient workstations to execute trade orders on behalf of the clients. Apart from this, there is a deposit amount of INR 1 lack which one needs to deposit with the mian-broker at the beginning of the agreement.

The deposit is refundable and is returned upon termination of the agreement. For a remiser and an introducer there are no investments or deposits specified, however, they may charge some nominal amount as a deposit depending upon the case.

Prabhudas Lilladher Sub Broker Offers

For attracting the sub-brokers, Prabhudas Lilladher keep launching new offers. Some of these are:

Attractive revenue model;

Lesser investment cost;

No deposits;

Attractive brokerage plans for customers;

Free DEMAT accounts;

How to become Sub Broker of Prabhudas Lilladher?

Here is a simple procedure to become a sub-broker with Prabhudas Lilladher:

1st Step – Fill in the lead form available here

2nd Step – Our representative will call you to verify the details and confirm your interest in sub-brokership

3rd Step –Sales executive of Prabhudas Lilladher will call up and fix up an Appointment

4th Step – A personal meeting to discuss the terms and conditions, the revenue ratio, the infrastructure, the deposit, the break even period etc. and other necessary details

5th Step – Submit the documents called for and the necessary payments

6th Step – Documents verification by Prabhudas Lilladher and confirmation of the agreement